One of the major reasons that people have trouble sticking to their budget is because a budget can be abstract. By using methods of motivation or incentives, you can help yourself keep to your budget and have a little extra bonus along the way. Here are some ways to create a little motivation to help you stick to your budget:
MAKE IT VISUAL
Let’s say that one of your main goals is to save enough money to purchase a new car. Make it visual by posting pictures of the car you want to buy in places where you’ll see it on a daily basis. This could be the bathroom mirror, inside your closet, near your computer, or even in your current vehicle. The constant reminders of what you are working towards might make it easier to pass up that night out or quick trip through the drive-thru.
ASK FOR HELP
Share your budget goals with friends and family. This will allow them to help hold you accountable to what you are aiming to achieve. For example, say you want to start cutting down on the amount of times you go out to eat per month. The next time you’re hanging out with a friend, they can help keep you honest by making dinner instead. When friends and family know you are trying to save and budget, they’ll be more likely to understand when you aren’t able to do something and want to help you out by being a support system.
REWARD SYSTEM
Find ways to treat yourself for sticking to your budget that won’t break the bank. If you know that there is a reward to look forward to, you are more likely to not slip up in your budgeting. If you don’t follow your budget, don’t reward yourself. It may also be a good idea to come up with penalties when you don't stick to your budget for further motivation.
CELEBRATE SUCCESSES
Even if the goal you achieved is small, you should still celebrate every milestone you hit. Sticking to a budget can be difficult and you should enjoy and note every success that you have.
